Absa selects SAS Institute as preferred BI partner in a three-year strategic agreement.

Financial services giant Absa has extended its net of preferred business partners to include business intelligence giant SAS Institute as its BI partner, with the signing of a global sourcing agreement between the two companies.

The agreement forms part of Absa's goal to formalise sourcing and procurement procedures across industries, and this announcement bears particular relevance to the sourcing of BI software and services, and SAS as BI partner of choice.

This will, in turn, enable the company to better manage expenditure across divisions, as well as put it into a position where it can negotiate better rates from suppliers as it leverages the use of these across both the Absa and Barclays groups.

"As a company which itself is embracing globalisation, it is our intention at Absa to, where possible, sign sourcing agreements with vendors and suppliers across all disciplines of our business," says Ian Russell, Chief Procurement Officer at Absa.

"The new sourcing strategy enables us to negotiate premium discounts and service from our suppliers, while also providing them with a level of commitment from us for ongoing and annuity business, which they have not been afforded in the past."

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SAS Institute enjoys a long history with the Absa Group and has current versions of its BI software installed at a number of the group's divisions. The newly signed sourcing deal will assist the group in consolidating these efforts into a unified strategy, where it can better take advantage of the analytical capabilities of the business intelligence software, such as gathering customer data, analysing customer trends, mapping the effective use of technology and better data quality for improved data mining and data access, as well as risk and compliance.

"We are proud of our relationship with SAS and there are divisions within the enterprise that are doing good things with the BI platform," adds Russell. "It is now time that we take advantage of this as a group and look at where else the enterprise can benefit from SAS' application in the disparate divisions."

SAS is currently utilised within a number of divisions at Absa and provides comprehensive BI solutions to the likes of Absa Information Management, Group Credit, and Group Finance, among others.

Says Hanno Korf, Strategic Account Executive at SAS Institute SA: "We are delighted with the announcement that Absa has selected us as its business intelligence partner of choice. Absa is a model client for SAS, and is a forward thinking user of our software."

With customers in more than 43 000 sites around the globe, SAS software is used to improve performance through insight from data, resulting in faster, more accurate business decisions; more profitable relationships with customers and suppliers; compliance with governmental regulations; research breakthroughs; and better products and processes.